Shell and Gerdau Sign 50-50 Joint Venture to Develop Solar Farm in Minas Gerais

February 10, 2022

Shell, the oil and gas behemoth, and Gerdau, the Brazilian steelmaker, agreed to team up on a 50-50 joint venture to develop a solar farm in Minas Gerais, Brazil. The solar farm will have an installed capacity of about 260 MW. 50% of the power will supply Gerdau’s steelmaking units in Brazil, while Shell plans […]

The State of Ceará and Cactus Energia Verde Sign Agreement for USD 5.71 Billon Green Hydrogen Plant

February 10, 2022

The State of Ceará in Brazil signed a memorandum with Cactus Energia Verde, a Brazilian energy company, to develop a $5.71 billion green hydrogen plant in the port of Pecém. The project will use 3.6 GW of clean energy for production from the Uruquê PV solar park (2.4 GW) and the offshore wind farm, Umari […]

Dominica Discusses Energy Supply Agreements with Martinique

February 9, 2022

The Dominica Geothermal Development Company is finalizing the construction of a geothermal plant that will provide baseload power to the island. Meanwhile, the Government of Dominica discusses supplying geothermal energy to Martinique at what is described as a competitive price. Source: Think Geo Energy

The Puerto Rican Energy Bureau Approves 18 Photovoltaic Energy Projects

February 9, 2022

The Puerto Rican Energy Bureau approved the development of 18 photovoltaic energy storage and distribution projects on the island, with a total capacity of around 844.8 megawatts. Source: ES Noticia (ES) 

CREF 2022 Awards for Excellence

February 8, 2022

New Energy, organizers of the Caribbean Renewable Energy Forum (CREF), is pleased to announce the 4th CREF Industry Awards to recognize excellence across clean energy programs and projects in the Caribbean. In recognition of the fact that no awards were made in 2021 the Awards this year will reflect a two-year time span. Awards will […]

U.S. Commits USD 12 Billion to Puerto Rico’s Energy Sector

February 2, 2022

The Biden Administration commits USD 12 billion in federal aid for Puerto Rico’s energy sector to strengthen the outdated electric grid. The US Departments of Energy, Homeland Security, and Housing and Urban Development will sign an agreement to ensure the alignment of federal investments with local policies – with all eyes on the goal of […]

CDB Proposes “Financing Ecosystem” to Support its BMC Economies

February 2, 2022

The Caribbean Development Bank (CDB) considers launching a “financing ecosystem” to support its Borrowing Member Countries (BMCs) economies. The proposal includes SDR-funded resilience bonds for climate financing and other green bonds designed to meet specific Sustainable Development Goals (SDGs). Source: Market Screener

Total Eren Commissions 92 MW Terra Santa and 67.5 MW Maral Wind Farms in Brazil

February 2, 2022

Total Eren, an IPP based in Paris, commissioned the Terra Santa and Maral wind farms in Rio Grande do Norte, Brazil. Both wind farms hold a 20-year PPA with the power generator, Cemig GT, and have a total investment of USD 154 million. Together, they will generate 730 GWh per year. Source: Total Eren

IFC Loans USD 60 Million to BBVA Peru for Green Building Finance Market

February 2, 2022

The International Finance Corporation (IFC) allocated USD 60 million in loans to BBVA Peru to support the launch of a financing market for green buildings in Peru. The loan is IFC’s first green project investment in Peru, supported by the Market Accelerator for Green Construction (MAGC) program. Source: LATAM Green (ES) Source: IFC (EN)